Commercial Construction

Housing Starts Still Slipping

Total housing starts continued to fall in
September to a seasonally adjusted 817,000. While a 1.6 percent
decrease was expected, new construction actually plummeted 6.3
percent. “Unfortunately, the heavy toll that today’s
financial-market woes are taking on consumer confidence is a major
impediment to getting housing back on track as an engine of
economic growth,” NAHB Chair Sandy Dunn said.